INDY vs. ETV
INDY (iShares India 50 ETF) is Emerging Markets Equities fund tracking the Nifty 50 Index, while ETV (Eaton Vance Tax-Managed Buy-Write Opportunities Fund) is a stock. Over the past 10 years, INDY returned 6.65%/yr vs 9.44%/yr for ETV. At a 0.43 correlation, their price movements are largely independent.
Performance
INDY vs. ETV - Performance Comparison
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Returns By Period
In the year-to-date period, INDY achieves a -13.37% return, which is significantly lower than ETV's 6.52% return. Over the past 10 years, INDY has underperformed ETV with an annualized return of 6.65%, while ETV has yielded a comparatively higher 9.44% annualized return.
INDY
- 1D
- 1.16%
- 1M
- 0.71%
- YTD
- -13.37%
- 6M
- -11.62%
- 1Y
- -12.55%
- 3Y*
- 1.97%
- 5Y*
- 1.75%
- 10Y*
- 6.65%
ETV
- 1D
- 0.48%
- 1M
- 3.07%
- YTD
- 6.52%
- 6M
- 8.33%
- 1Y
- 18.73%
- 3Y*
- 15.07%
- 5Y*
- 6.98%
- 10Y*
- 9.44%
INDY vs. ETV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDY iShares India 50 ETF | -13.37% | 4.97% | 3.47% | 16.88% | -7.31% | 19.43% | 10.01% | 9.99% | -4.32% | 36.15% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 6.52% | 8.63% | 27.67% | 9.94% | -19.73% | 18.41% | 13.03% | 21.25% | -4.29% | 12.98% |
Correlation
The correlation between INDY and ETV is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2009 | 0.43 |
The correlation between INDY and ETV shifts across timeframes, from 0.31 (3 years) to 0.43 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
INDY vs. ETV — Risk / Return Rank
INDY
ETV
INDY vs. ETV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares India 50 ETF (INDY) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| INDY | ETV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.27 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 1.78 | -2.51 |
| Martin ratioReturn relative to average drawdown | -1.59 | 9.05 | -10.64 |
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Drawdowns
INDY vs. ETV - Drawdown Comparison
The maximum INDY drawdown since its inception was -44.74%, smaller than the maximum ETV drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for INDY and ETV.
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Drawdown Indicators
| INDY | ETV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.74% | -52.11% | +7.37% |
Max Drawdown (1Y)Largest decline over 1 year | -18.95% | -10.34% | -8.61% |
Max Drawdown (3Y)Largest decline over 3 years | -22.40% | -20.27% | -2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -22.40% | -22.71% | +0.31% |
Max Drawdown (10Y)Largest decline over 10 years | -43.50% | -42.39% | -1.11% |
Current DrawdownCurrent decline from peak | -19.12% | -1.14% | -17.98% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -5.57% | -6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.72% | 2.03% | +6.69% |
Volatility
INDY vs. ETV - Volatility Comparison
iShares India 50 ETF (INDY) has a higher volatility of 3.98% compared to Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) at 3.67%. This indicates that INDY's price experiences larger fluctuations and is considered to be riskier than ETV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INDY | ETV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 3.67% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.35% | 10.11% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.31% | 12.31% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.96% | 16.88% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 19.29% | +0.29% |
Dividends
INDY vs. ETV - Dividend Comparison
INDY's dividend yield for the trailing twelve months is around 9.36%, more than ETV's 8.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.06% | 8.30% | 8.18% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.69% |
INDY iShares India 50 ETF | 9.36% | 8.11% | 0.24% | 0.38% | 3.75% | 7.12% | 0.08% | 0.58% | 0.55% | 0.27% | 0.48% | 0.57% |
Frequently Asked Questions
INDY and ETV have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDY has higher volatility (3.98%) compared to ETV (3.67%). In terms of maximum drawdown, INDY dropped -44.74% vs ETV's -52.11%.
ETV currently has the higher Sharpe Ratio (1.49 vs -0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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